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University of Georgia
(Risk Management and Insurance Program)
State Insurance Claims Adjusters Certification
Georgia Claims Adjuster Exam
Course Title and Number: Claims Adjuster Exam Exam Title: Board Exam Exam Date: Exam 2024- 2025 Instructor: [Insert Instructor’s Name] Student Name: [Insert Student’s Name] Student ID: [Insert Student ID]
Examination
180 minutes Instructions:
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State Insurance Claims Adjusters Certification 2024- Georgia G.A Claims Adjuster Licensing Exam Review Questions and Answers | 100% Pass Guaranteed | Graded A+ | Read All Instructions Carefully and Answer All the Questions Correctly Good Luck: - On what policy does Medical Payment pay to both 1st and 3rd parties? - =Answer>> Personal Auto Policy In a liability loss, the person to whom the insured has caused damage is referred to as the: A. first party B. second party C. third party D. fourth party - =Answer>> C. third party All the following are required elements to prove negligent liability, except: A. duty to act and breach of duty B. damages C. intervening cause D. proximate cause - =Answer>> C. intervening cause Because the insurance company writes the policy languages and the insured has little to no control over the content, any ambiguity in the wording is resolved in favor of the insured, therefore insurance policies are said to be ______________. - =Answer>> contracts of adhesion Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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The clause in the SFP (Standard Fire Policy) which limits the liability of the insurer to a portion of the loss, and the contract states that no greater than "the amount hereby insured shall bear to the whole insurance covering the property against the peril involved, whether collectible or not" is called the: A. appraisal clause B. abandonment clause C. cancellation clause D. pro-rata liability - =Answer>> D. pro-rata liability Furniture, which is destroyed when a building burns down, is an example of what kind of loss? A. direct B. indirect C. consequential D. residual - =Answer>> A. direct As a name peril contract, the SFP (Standard Fire Policy) covers: A. all perils not otherwise excluded B. perils specified in the policy C. fire only D. perils are not covered under the SFP - =Answer>> B. perils specified in the policy Each of the following may be a legal defense against negligence except: A. an intervening cause B. assumption of risk C. contributory negligence Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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D. apparent authority - =Answer>> D. apparent authority Under the doctrine of the proximate cause, which of the following would be considered fire damage? A. smoke damage B. water damage from the sprinkler system C. firefighters breaking down the door D. all of the above - =Answer>> D. all of the above If property is sold, the policy may not be assigned to the new owner "except with the written consent of the Company". This is known as a (an): A. other insurance clause B. assignment clause C. cancellation clause D. abandonment clause - =Answer>> B. assignment clause After the initial notification of a loss, the insured is required to submit a signed proof of loss within ______days for every policy except for what type of coverage which allows for 120 days? - =Answer>> 60 days; Commercial Crime Coverage Usually when insurer cancels; all earned premiums are kept and unearned premium is returned to the policyholder, this is known as: A. flat cancellation B. pro-rate cancellation C. short-rate cancellation D. non-renewal cancellation - =Answer>> C. short-rate cancellation Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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E -
F -
G - - =Answer>> A - Dwelling B - Other Private Structures (personal purpose that are unattached to dwelling) C - Household Personal Property D - Loss of Use (additional living expenses, loss of fair rental value, civil authority - this is personal, does not include business related loss) E - Scheduled Farm Personal Property (hay, grain, livestock, other animals, machinery) F - Unscheduled Farm Personal Property (blanket limit) G - Barns, Outbuildings and Other Farm Structures (silo, barn, corral, outdoor radio/television equipment) What named peril policy covers electrocution? - =Answer>> Broad Cause of Loss Form on a farm property Additional coverage, supplementary payment, or endorsement? Earthquake - =Answer>> Endorsement When does an earthquake occurrence last 72 hours? What about 168 hours? - =Answer>> personal policies; commercial policies Why are potatoes not covered by crop insurance? - =Answer>> They grow underground. Farm Liability Coverage H - Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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I -
J - - =Answer>> H - Bodily Injury & Property Damage Liability I - Personal and Advertising Injury J - Medical Payments to Others What policy(ies) is the exception to 3 years med pay? - =Answer>> Workers Comp (covered forever as long as you can link it back to performing duties relevant to your job) and CGL which covers up to 1 year. Income reimbursement under workers compensation is either _______ % or up to _______ per week. - =Answer>> 66.67% or $550 per week Workers Compensation and Employers Liability Coverage Form Part One - Part Two - Part Three - Part Four - Part Five - Part Six - - =Answer>> Part One - Workers Compensation Part Two - Employers Liability Insurance (std lim $100K) Part Three - Other States Insurance Part Four - Your Duties if Injury Occurs Part Five - Premium Part Six - Conditions Which part of workers comp pays for medical bills? - =Answer>> Part One - Workers Compensation Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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What's the difference between Emergency Program and Regular Program in the National Flood Insurance Program?
- =Answer>> Emergency applies to homes in communities that are a normally not a flood hazard. Regular programs are awarded to an entire community that is eligible due to flood hazard. What is the flood coverage on a regular program in a 1- Family Dwelling? - =Answer>> $250, On what policy can you add the Flood Program endorsement? - =Answer>> None! It has its own policy through the Federal Government. Difference in Conditions (DIC) Insurance - =Answer>> A separate insurance policy that provides open-perils coverage to fill in the gaps left by flood coverage if a home is worth over $250K. Coverage is produced through Excess/Surplus Lines. What is the waiting period on NFIP coverage? - =Answer>> 30 days after policy purchase What is the coverage change waiting period for the NFIP? - =Answer>> 5 days Give examples of the flood peril - =Answer>> - an overflow of inland or tidal waters
- unusual or rapid accumulation or runoff of surface waters -Mudflow or Mudslide Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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- Collapse of land along the shore of a lake as a result of erosion What kinds of things does flood insurance cover? - =Answer>> Your house and your things (dwelling and personal property). No indirect charges. Dwelling coverage extension for flood insurance covers what? How much is it? - =Answer>> Structures not attached to dwelling (O.S. or Appurtenant structures). 10% of Dwelling limit. ***It is an extension of coverage, NOT the $250K limit so any coverage needed here will reduce the amount able to go to the dwelling. Contents coverage of flood insurance is limited to what? - =Answer>> Personal property damaged or destroyed by the flood itself and belongs to insured and resident spouse/relatives. The insured is liable for content of others. What are the coverages of flood insurance? - =Answer>> Dwelling, Contents, Debris Removal How are damaged items valued in flood coverage? - =Answer>> Dwelling - replacement cost Contents - Actual Cash Value What kind of property is not covered by flood insurance? - =Answer>> Basements and underground structure (ex. septic tanks), animals, money/accounts/bills, land, anything else covered by other policies (motor vehicles, aircraft, watercraft) Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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What is a Personal Property Floater good for? What kind of limit do they have? - =Answer>> World-wide open peril coverage of personal property - usually for special occasions like weddings or exhibitions. There is a blanket limit! Does personal inland marine insurance cover flood? - =Answer>> Yes. Somehow. All of the following coverage is available under a Standard Flood Insurance Policy issued by the National Flood Insurance Program except: a. Loss of Use b. Dwelling c. Personal Property d. Removal - =Answer>> A. Loss of Use The maximum number of days that a Standard Flood Insurance Policy will cover property removed is: a. 15 days b. 20 days c. 30 days d. 45 days - =Answer>> d. 45 days If the limits of insurance available under the National Flood Insurance Program are inadequate, where can additional coverage be purchased? a. Homeowners Flood Endorsement b. Excess Flood Endorsement c. Personal Umbrella Policy Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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d. Difference in Conditions Policy - =Answer>> d. Difference in Conditions Policy Define Yacht. - =Answer>> "Swim Swam" - a sailboat with an auxiliary inboard motor. Why does Yacht insurance get a Lay-Up warranty? - =Answer>> During months when a watercraft is not in use - typically in winter - a discount is applied to premium. What are navigational limits? - =Answer>> Limits coverage of a watercraft to a described geographical area. Wave damage and damage caused by striking an underwater object is a peril covered by what insurance? - =Answer>> Federal Longshoremen and Harbor Workers Compensation Insurance. What are the three coverages and limits under Comprehensive Personal Liability? - =Answer>> Personal Liability - 25K per occurence Medical Payments - $ Damage to Property of Others - $250 per occurence (for inexpensive items) The acronym PMML is for: - =Answer>> hazards "Probably Makes More Loss" or "Please Make My Lunch" physical, moral, morale, legal The acronym ARRT is for: - =Answer>> personal risk management; Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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The acronym COUP is for: - =Answer>> What is covered by collision; car, object, upset, pedestrian/pothole The acronym DDPB (Don't Drink Peanut Butter) is for: - =Answer>> Negligent Liability; Duty to Act, Breach of Duty, Damages, Proximate Cause The acronym WWNI is for: - =Answer>> "We will never insure" or standard exclusions; wear and tear, war, nuclear, intentional loss The acronym AMStAR is for: - =Answer>> methods of valuation; agreed value, market value, Stated value, Replacement Cost, Actual Cash Value The acronym WC-SHAVER is for: - =Answer>> Extended coverage; windstorm, civil commotion, smoke, hail, aircraft, vehicle, explosion, riot The acronym WSH is for: - =Answer>> exclusions for tree/shrub/plant coverage; wind, hail, smoke The acronym FLI is for: - =Answer>> DP1 perils; fire, lightning, internal explosions The acronym is APE for: - =Answer>> Personal inland marine insurance floaters; articles, property, effects The acronym SWIMSWAM is for: - =Answer>> yacht definition; sailboat with auxiliary inboard motor Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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The acronym SIR is for: - =Answer>> "Deductible" on an umbrella policy; self-insured retention The acronym DRTCC is for: - =Answer>> Types of unfair trade practices; rebate, coercion, twisting, defamation, commingling The acronym DOPLA is for: - =Answer>> DP coverages; Dwelling, Other Structures, Personal Property, Loss of Fair Rental Value, Additional Living Expenses The acronym MR. LC is for: - =Answer>> Types of property that can be scheduled on a business income/extra expensive from Dependent Properties Endorsement on a Business Income Form or an Extra Expense Forms; contributing locations, recipient locations, manufacturing locations, leader/anchor locations The acronym CPP is for: - =Answer>> Commercial Package Policy The acronym BPP is for: - =Answer>> Building and Personal Property Coverage Personal Auto Policy (PAP) Cov A - Cov B - Cov C - Cov D - Cov E - Cov F - - =Answer>> A - Liability 25/50 BI, 25 PD Minimum Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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Q
A temporary contract of insurance that commits the insurer before the policy is issues is called a(n): - =Answer>> Binder Q a term that blocks all attempts to change conduct or reassert a right previously waived, and it usually applies after the other party has begun to rely on the conduct or waiver is known as: - =Answer>> estoppel Q Oily rags in a garage are a what kind of hazard? - =Answer>> physical Q Insurance is a means of ________ risk? - =Answer>> transferring Q Which of the following is insurable risk? A. wear and tear on a valuable oriental rug B. theft of a paperback book C. hail damage to the roof of a car D. all of the above - =Answer>> C. hail damage to the roof of a car Q In which of the following would you have an "insurable interest"? A. the house you own but have rented to a tenant Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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B. the car on which you are still paying C. Both A and B D. Neither A nor B - =Answer>> C. Both A and B Q The insurance contract is considered a contract of indemnity because: A. an insured may collect no more than the limit of liability stated in the declarations B. an insured may collect no more than the amount required to restore him/her to the same financial condition he/she was in prior to a loss C. the insured may collect no more than 10% more than his/her insurable interest D. in cases of total loss, an insured can collect the appraised value of the property - =Answer>> B. an insured may collect no more than the amount required to restore him/her to the same financial condition he/she was in prior to a loss Q A mutual insurance company is owned by who? - =Answer>> Its policy holders Q All of the following statements concerning binders are false except: A. a binder is always a written agreement B. A binder guarantees that a policy will be issued C. A binder may only be issued by the insurance company Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
